After the serialization of a number of giant acquisitions, New World (0017) and its new creation (0659) kept out of non-core assets, after the new world sales of 2.3 billion yuan, the new creation also said that the year Four non-core assets have been sold
As of the end of June, a total of 1.3 billion yuan was sold. The above six assets have been cashed out of 3.6 billion yuan, of which 169 parking spaces in the New World’s Tsuen Wan Riviera Gardens and one on Hong Kong Island have not been taken into account. The mall has separately concluded and signed a temporary sale and purchase agreement and charged a deposit, which means that the stock picking operation has come one after another. Ming Pao reporter Fang Chuyin
New World announced last week that it will sell non-core businesses worth RMB 2.3 billion, including two 16-inch industrial projects in Chunpyeong Street, Kwun Tong. At that time, the Group stated that it had been selling non-core properties in accordance with established strategies to optimize its assets and business portfolio, and will continue to actively sell non-core properties. The relevant work is already under negotiation. The new creation of the same department also follows the strategy of actively implementing the optimization of the asset portfolio.
New World Department has invested heavily in China and Hong Kong projects in recent years
According to the survey data, the new creation has already started out of the Zhuojia Group for RMB 4.915 billion and the Kwai Chung Logistics Center for RMB 3.75 billion since 2016. In 2018 and 2019, it has twice taken out the capital airport to hold shares. 31 billion yuan; in the near future, it is also reported that it intends to take out the NWFB Citybus and re-cash about 300 million US dollars.
Behind the constant sale of assets, or related to the large investment in the New World Department in recent years
With the second generation of the new world Zheng Jiachun at the helm and the third generation Zheng Zhigang playing, the New World Department has been active again in China and Hong Kong in recent years. After many times in 2015, after the goods were sold to China Evergrande (3333) and other interiors, they immediately joined the market. Dawan District, including the 2016 parent company Zhou Dafu Enterprise Investment, and the development of Shenzhen Qianhai Chow Tai Fook Financial Building, involved RMB 8 billion; the company invested in Shekou to develop the Shenzhen Shekou Taizi Bay Project, involving RMB 10 billion.
The New World has also re-invested in Hong Kong’s commercial and residential projects, including three consecutive sites in Cheung Sha Wan in 2017, involving nearly $14.8 billion. The company has shown its willingness to create a new world of emerging industries in the region.